2007-03-12 13:05:32 · 5 answers · asked by Jeremy M 1 in Business & Finance ➔ Renting & Real Estate
I live in NM by the way.
2007-03-12 13:20:38 · update #1
New Century Financial!!!!!
2007-03-12 14:07:25 · answer #1 · answered by SndChaser 5 · 0⤊ 0⤋
Go to MSN.com and click on their "Money" page.
They'll tell you that the days of the sub-prime mortgage are just about over.You won't find too many lenders out there nowadays.
Get your things in order quick if you expect to get onboard with a sub-prime lender (if you can even find one now.)!
Just make sure that you can meet the FUTURE requirements of your new loan! It might be easy to get the funds at first,but things get really crazy (money-wise) after the first few years.
The main reason that the housing market went crazy was because of sub-prime lenders.Suddenly there were lots more people that could get homes.It's the law of supply and demand.But now lots of these folks can't afford to make the payments.That means lots of bad loans out there,and the banks don't want to risk any more of their money.
The sub-prime market is about to go away,so get onboard now if you think you can pull it off!
2007-03-12 13:19:22 · answer #2 · answered by Danny 5 · 1⤊ 0⤋
What state do you live in? I am mortgage broker and I do a lot of loans for people with scores in the 500's.
2007-03-12 13:10:19 · answer #3 · answered by vkjoey 1 · 0⤊ 0⤋
Hiya! My hubby and I went through Countrywide Full Spectrum Lending to get our loan. His credit score was around the 550's and they did it off of just his. I have the direct line to the guy we delt with. He was fantastic. This was our first home we purchased and Andy (our loan officer) explained every little detail to us. I have never delt with anyone so professional, friendly and helpfull as he was! You can e-mail me at LovingNights_4You@yahoo.com and I will give you his contact info if you would like it. Good Luck on your home purchase!!!
2007-03-12 13:32:22 · answer #4 · answered by lovingnights_4you 1 · 0⤊ 0⤋
Im a real estate agent in The O.C Cali. we can do a fico with that score.
2007-03-12 13:11:05 · answer #5 · answered by The O.C Real Estate Agent 2 · 0⤊ 0⤋